Some Egyptian companies still dealing with Russia's alternative financial system

Some Egyptian companies are secretly dealing with a Russian alternative financial system, in anticipation of international sanctions by the United States.
Stock market brokers work at the Egyptian Exchange, Cairo, Egypt, Jan. 6, 2013.
Stock market brokers work at the Egyptian Exchange, Cairo, Egypt, Jan. 6, 2013. - Khaled Desouki/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Mohamed Elsayed

Russian wheat was among the first items to be traded on the newly launched Egyptian Mercantile Exchange of the Egyptian Commodities Exchange (EGYCOMEX), a proposed commodities exchange in Egypt.

Egypt’s Ministry of Supply and Internal Trade announced Nov. 28 the start of listing Russian wheat on EGYCOMEX.

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